Thursday, July 23, 2009

Calls for 23rd july

RESEARCH-Nifty(FUT) R-4520/4635/4815 S-4450/4335/4270 ;Sensex(CASH)
R-15215/15580/16165 S-14995/14625/14415 ;MARKET OUTLOOK:FLAT 8.59A

RESEARCH: MARKET OUTLOOK: Declined open interest with negative price strategy in NIFTY futures indicates that the market is strengthening on the positive side. Simultaneously, the open interest PUT-CALL ratio of NIFTY has been trading 1.44 or 1.46 over a couple of days – 1.50 would indicate that worst is over and could turn out to be a bullish accumulation pattern. Considering F&O market indicators, the overall market outlook is likely to be upbeat trend and NIFTY can be expected to test the key resistance level of 4693 in the coming days. For the day, market may open flat to positive note and fresh buying as well as short covering can be expected above 4480 levels. The support will be at 4377 and 4342. Below this level, NIFTY may be expected to come down to 4315 levels.
APOLLO SINDHOORI: RESEARCH-Global Market: DOW JONES (-0.39%), S&P 500 (-0.05%), NASDAQ (+0.53%), FTSE (+0.28%), DAX (+0.54%), NIKKEI(+1.15%), HANG SENG (+2.37%) & SGX NIFTY (+47 POINTS)

RESEARCH: INTRADAY CALL: NIFTY SL TRIGGERED

RESEARCH- INTRADAY CALL (CASH) : SHORT SELL IDFC BELOW 128 TGT 124 SL 130

RESEARCH: ITC Q1 PAT @ Rs 878.70 Cr Vs Rs 748.67 Cr (Y0Y)

RESEARCH: INTRADAY CALL: BUY SESAGOA ABOVE 235 TGT 244 SL 232

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